Lmcg Investments LLC Sells 21,314 Shares of AerCap Holdings (NYSE:AER)

Lmcg Investments LLC cut its holdings in shares of AerCap Holdings (NYSE:AER) by 48.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,889 shares of the financial services provider’s stock after selling 21,314 shares during the period. Lmcg Investments LLC’s holdings in AerCap were worth $2,168,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in AerCap by 2.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,051 shares of the financial services provider’s stock valued at $1,916,000 after buying an additional 618 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in AerCap by 177.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,137 shares of the financial services provider’s stock valued at $707,000 after buying an additional 5,203 shares during the last quarter. Private Advisor Group LLC boosted its position in AerCap by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 5,172 shares of the financial services provider’s stock valued at $449,000 after buying an additional 555 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in AerCap by 5.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,790 shares of the financial services provider’s stock valued at $590,000 after buying an additional 334 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in AerCap by 29.1% in the 1st quarter. BNP Paribas Financial Markets now owns 138,746 shares of the financial services provider’s stock valued at $12,058,000 after buying an additional 31,305 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AER. Barclays increased their price target on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of AerCap in a research note on Monday, July 29th. Finally, Susquehanna raised their price objective on AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.83.

AerCap Stock Up 0.8 %

Shares of AER traded up $0.76 during midday trading on Friday, hitting $94.31. The stock had a trading volume of 1,264,168 shares, compared to its average volume of 1,454,371. The company has a 50 day simple moving average of $94.80 and a two-hundred day simple moving average of $92.58. AerCap Holdings has a twelve month low of $63.20 and a twelve month high of $99.30. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.29 and a quick ratio of 0.29.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.41. AerCap had a return on equity of 13.96% and a net margin of 32.38%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $2.81 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts anticipate that AerCap Holdings will post 10.7 EPS for the current year.

AerCap Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is 7.92%.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.